Sarytogan Graphite Limited · ASX:SGA
Sarytogan Graphite — IMARC Conference 2026
20 slides from Sarytogan Graphite's conference presentation, Oct 28, 2026
Slide 1: Kazakhstan's Peerless Graphite Giant
rsonal use only KAZAKHSTAN’S PEERLESS GRAPHITE GIANT I M A R C CO N F E R E N C E SYDNEY O C TO B E R 2 0 2 6 1
Slide 2: The Project – What makes Sarytogan special?
The Project – What makes Sarytogan special? The world’s largest, highest-grade, and lowest-cost rsonal use only undeveloped graphite project outside China. Upstream DFS and Downstream PFS completed. Downstream Definitive FS commencing. Unique product strategy – microcrystalline graphite at 90% and 9
Slide 3: Measured Mineral Resource and Proved Ore Reserve
The Project – Measured Mineral Resource and Proved Ore Reserve rsonal use only • Mineral Resource 225 Mt @ 29.2%TGC (Total Graphitic Carbon) including 5.4Mt of Measured Classification1. • Ore Reserve of 14.5 Mt @ 29.1% TGC, including high-grade of 8.9Mt @ 31.8% TGC and 2.5Mt of Proved Classification
Slide 4: Upstream DFS and Downstream PFS Results
The Project – Upstream DFS and Downstream PFS Results Upstream Micro-crystalline Carbon Ultra-High Purity Fines (UHPF) Downstream “Micro90C” product binder up to 99.9992% C product3 rsonal use only Technological use Coasted Spherical Industrial use Purified Graphite (CPSG) >99.99% C product Spheroid
Slide 5: Sarytogan Compares Very Favourably to ASX Peers
The Project – Sarytogan Compares Very Favourably to ASX Peers rsonal use only Sarytogan is the largest, highest-grade, and lowest operating-cost undeveloped graphite deposit. Refer appendix for peer comparison data. Red bubbles = operating mines. 1Chinese production cost source: Benchmark Mineral In
Slide 6: Micro Crystalline Graphite (Micro90C)
The Products – Micro Crystalline Graphite (Micro90C) rsonal use only Foundry Brakes, Plastics, Rubber Wet Lubricants Dry Lubricants 6
Slide 7: Ultra High Purity Fines (UHPF) up to 99.999%C
The Products - Ultra High Purity Fines (UHPF) up to 99.999%C rsonal use only Alkaline Batteries Nuclear Moderator Lead Acid Batteries Defence Synthetic Industrial Diamonds 7
Slide 8: Spherical Purified Graphite (USPG and CSPG)
The Products – Spherical Purified Graphite (USPG and CSPG) Li-ion Batteries for EVs rsonal use only Uncoated USPG Coated CSPG Grid Energy Storage Portable Electronics 20 μm 88
Slide 9: Electric Vehicle Demand is Driving Graphite Demand
The Market – Electric Vehicle Demand is Driving Graphite Demand rsonal use only 2 1 1 1 Despite mainstream press, the EV revolution is gathering pace China at 54% EV sales share, EU at 28%, USA and RoW lagging behind Sources: !IEA Global EV Outlook 2026, 2Wood Mackenzie 2026 9
Slide 10: Natural Graphite vs Synthetic Graphite
The Market - Natural Graphite vs Synthetic Graphite rsonal use only • Synthetic graphite requires expensive and CO2 intensive treatment of fossil fuel by-products. • Natural graphite has higher energy density, artificial graphite has longer cycle life, both are important in the blend for Li-ion batt
Slide 11: The Market - Geopolitics
The Market - Geopolitics EU Battery Passport China Dominates Graphite More QR code database of provenance & USA Tariffs on China Than Any Other Critical Mineral Total 160% for graphite. rsonal use only CO2 footprint for all large batteries. 82% of natural graphite 76% of synthetic graphite Project V
Slide 12: Kazakhstan - Europe Cooperation
Kazakhstan - Europe Cooperation • Nov 2022 - COP27, Egypt - KZ and the EU sign MOU to cooperate on the supply of battery raw materials. • Sep 2024 - UN, New York - Minerals Security Partnership signed by 30 sovereign states including the EU, rsonal use only Kazakhstan and Australia. EBRD investment
Slide 13: Kazakhstan - Mining on the One Belt, One Road
Kazakhstan - Mining on the One Belt, One Road Key Economic Facts rsonal use only • Top 50 GDP US$290Bn • Population 20M • US$400Bn in Foreign Investment Astana post USSR Favorable Taxation: • Corporate income tax: 20% • VAT 12% Almaty • Mineral royalty: 3.5% • Other taxes: 1.5% Affordable containeri
Slide 14: Kazakhstan - Lowest Quartile Power Costs Including Renewables
Kazakhstan - Lowest Quartile Power Costs Including Renewables • Kazakhstan’s power cost is in the lowest quartile globally • Land for downstream plant secured next to 500 kV sub station rsonal use only • Existing 50 MW solar farm (funded by EBRD), which happens to closely match project power needs a
Slide 15: Kazakhstan – Established Mining Jurisdiction
Kazakhstan – Established Mining Jurisdiction Mix of global majors, state owned, private equity and listed juniors rsonal use only 2018 Mining Code based off W.Aust. 40% of global uranium supply1 12th in global mining value1 13th largest oil producer1 Source: 1statistica.com 15
Slide 16: Exploration – Why Kazakh Copper?
Exploration – Why Kazakh Copper? • The Central Asian Orogenic Belt hosts many low-cost large copper-gold porphyry deposits including in Kazakhstan: Bozshakol, Aktogai, Kounrad, Nurkazgan and Koksai (each 3- rsonal use only 6Mt Cu) and Oyu Tolgoi (30 Mt Cu, 44 MOz Au) in Mongolia. • Aligned with batt
Slide 17: Corporate Overview and Value Proposition
Corporate Overview and Value Proposition ASX:SGA Shareholders European Bank rsonal use only (The EBRD) Stephen Penrose Sean Gregory Dias Sarsenov Dr. Waldemar Mueller Martyn Buttenshaw Director - Mr Sarsenov Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Non-E
Slide 18: Appendix – Peer Comparison Data
Appendix – Peer Comparison Data Project / Company ASX Code SGA SYR TLG TLG TLG TLG EGR RNU VRC BKT EVG EV1 WKT MRC MRC MRC RYZ Deposit Name Sarytogan Balama Vittangi Jalkunen Raitjarvi Total Epanko Siviour Bunyu Mahenge Maniry Chilago Lindi Skaland Muglingup Total Nachu Country KazakhstanMozambique
Slide 19: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement Important Disclaimer Third Party Information You must read this notice before reading or making any use of this Presentation (defined below) or any information Certain information in this Presentation has been derived from third parties or publicly available informa
Slide 20: Contact
rsonal use only CONTACT Sean Gregory Managing Director E: admin@sarytogangraphite.com.au W: www.sarytogangraphite.com.au +61 08 9388 8290 20